In a primary, India to public sale offshore mineral tranche value $18 bn: Report
&w=1200&resize=1200,0&ssl=1 "In a primary, India to public sale offshore mineral tranche value bn: Report")
A complete of 13 blocks can be auctioned as a part of the primary tranche, together with three for building sand and one other three for lime mud
learn extra
India will public sale its first tranche of offshore minerals, which is value greater than 1.5 trillion rupees ($17.8 billion), a authorities supply immediately concerned within the resolution making informed Reuters on Thursday.
A complete of 13 blocks can be auctioned as a part of the primary tranche, together with three for building sand and one other three for lime mud.
Seven out of the 13 blocks can be polymetallic nodules and haven’t been valued but, the supply mentioned.
The supply didn’t wish to be recognized as they don’t seem to be authorised to talk to the media.
The federal mines ministry didn’t instantly reply to a Reuters e mail looking for remark.
The ministry is predicted to shortly announce the small print of the public sale.
